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Tex. Property Code § 223.001 Definitions
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Sec. 223.001. DEFINITIONS. In this chapter: (1) "Business entity" means a partnership, corporation, joint venture, limited liability company, or other business organization or business association, however organized. (2) "Managing entity" means a business entity that owns residen…
Tex. Property Code § 223.002 Applicability
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Sec. 223.002. APPLICABILITY. This chapter does not apply to a timeshare plan, as defined by Section 221.002. Added by Acts 2025, 89th Leg., R.S., Ch. 1096 (H.B. 4211), Sec. 1, eff. June 20, 2025.
Tex. Property Code § 223.003 Agreements and Rules
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Sec. 223.003. AGREEMENTS AND RULES. (a) An agreement for the purchase of an interest in a managing entity must disclose to the purchaser that the agreement is for the purchase of an interest in the entity and not in any residential property itself. (b) The purchase agreement and …
Tex. Property Code § 223.004 Discrimination Prohibited
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Sec. 223.004. DISCRIMINATION PROHIBITED. A managing entity may not take an action with respect to an interest in the entity in a manner that would be a violation of Chapter 301 if the interest in the entity were an interest in real property, including: (1) restricting the transfe…